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Seventh Assignment 1. Find and graph the Consumer Surplus, Producer Surplus and Total Welfare: Demand is P = 25 - = Q Laws Supply is

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Seventh Assignment 1. Find and graph the Consumer Surplus, Producer Surplus and Total Welfare: Demand is P = 25 - = Q Laws Supply is P = 2Q 2. Graph and measure Deadweight Loss when there is a price ceiling of P = $6. Demand is P = 20 - 2Q Supply is P = 2+

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